Mcewen mining inc. pleased to report a distinct new high-grade occurrence of gold mineralization has been found on its stock property, part of the black fox complex, near timmins canada. a total of eight drill holes have been completed at stock west, and assays have been received for six holes to date. all eight holes intersected the favorable host rock, a coarse-grained magnesite-fuchsite-dolomite carbonated altered ultramafic unit. assay values from the well-mineralized intersections are consistent across the intervals, with gold present in both the veinlets and within the ultramafic itself. in addition, a pyrite-rich felsic dyke has been intersected in three holes. this dyke occurs next to the ultramafic intrusive unit and carries visible gold throughout. in hole s19-105, the felsic dyke returned assay results of 13.2 g/t au over 5.4 m. these styles of mineralization differ from most other mineralization on both the stock and black fox properties. similar coarse-grained ultramafic host rocks appear at part of stock deep (result highlighted below), and the potential for a connection with stock west (a gap of over 2,000 ft. or 600 m) will be tested. this new mineralization has been intersected from 1,280 to 1,670 ft. (390 to 510 m) below surface and horizontally for 575 ft. (175 m) and remains open at depth and along strike. four surface drill rigs are actively drilling at stock west.
MUX Ratings Summary
MUX Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission